By Josh Ye HONG KONG (Reuters) -Sony Group Corp said it plans to expand a programme to identify and incubate Chinese-made games, in a race with Microsoft Corp to tap China’s gaming market. The programme will invest more than 1 million yuan ($140,080) in each game it enrols, and will not only fund small teams …
Sony to expand Chinese game incubator in Microsoft head-to-head Read More »
By Chen Lin SINGAPORE (Reuters) -Singapore’s key consumer price gauge rose 5.1% in October, slightly less than forecast and marking the first easing in eight months, official data showed on Wednesday, due to smaller rises in prices of utilities, retail, other goods and services. Analysts had said the reduced pace of increase should leave some …
Singapore core inflation eases for first time in eight months Read More »
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar retreated across the board on Tuesday, ceding some of the ground gained in the previous session, as investors looked past worries about China’s COVID flare-ups, boosting demand for more risky currencies. Equities, commodities and riskier currencies were largely firmer on Tuesday, a day after fresh …
Dollar slips as investors tiptoe back into riskier currencies Read More »
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose about 1% on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market. However, prices pared gains late in the session after Bloomberg reported that the European Union watered down its latest sanctions proposal …
Oil rises 1% as OPEC+ focus on supply cuts outweighs recession concerns Read More »
By Koh Gui Qing NEW PROVIDENCE, Bahamas (Reuters) -Sam Bankman-Fried’s FTX, his parents and senior executives of the failed cryptocurrency exchange bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, official property records show. Separately, attorneys for FTX said on Tuesday that one of the company’s units …
Bankman-Fried’s FTX, senior staff, parents bought Bahamas property worth $300 million Read More »
By Medha Singh and Lisa Pauline Mattackal (Reuters) – As the crypto castle crumbles, some true believers say the answer is to double down on DEX. Decentralized exchanges, that is. The spectacular collapse of Sam Bankman-Fried’s FTX, a major centralized crypto exchange, has unleashed a wave of calls for more regulation from mainstream bankers and …
By Heekyong Yang SEOUL (Reuters) -South Korea’s LG Chem Ltd said on Tuesday it will invest more than $3 billion to build a battery cathode factory in Tennessee, as it ramps up plans to meet rising demand for U.S. electric vehicle components. It’s one of the first major EV-related investments announced by a South Korean …
LG Chem to invest over $3 billion to build U.S. battery cathode plant Read More »
MOSCOW (Reuters) – Chinese telecoms giant Huawei is separating its corporate division in Russia and Belarus from other CIS countries, a source close to the company told Reuters on Tuesday. Russia’s Vedomosti daily first reported the move, citing sources. The other countries of the Commonwealth of Independent States, made up of former Soviet republics, will …
Huawei separates Russia business from other CIS countries -source Read More »
By Summer Zhen and Selena Li HONG KONG (Reuters) – Credit Suisse has laid off about one-third of its China-based investment banking team and nearly half of its research department, sources with knowledge of the matter told Reuters, as part of a global restructuring and as its China business slows. The sources declined to be …
Credit Suisse lays off one-third of China-based investment bankers – sources Read More »
By Julie Zhu HONG KONG (Reuters) – Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma’s Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company’s two-year long regulatory overhaul. The People’s Bank of China (PBOC), which has been …
